Tim Draper, founder of Draper Associates, revealed that his initial Bitcoin purchase was at $4 per coin, driven by the potential of digital currency to aid those without access to traditional banking. Draper later acquired 30,000 bitcoins at a U.S. Marshals auction, bidding $632 per coin, despite a market price of $618. He maintained his holdings even as prices fell to $180, underscoring his belief in Bitcoin as a transformative global tool.